First Commonwealth Financial Co. (NYSE:FCF) Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its position in shares of First Commonwealth Financial Co. (NYSE:FCF) by 69.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,578 shares of the bank’s stock after purchasing an additional 1,873 shares during the quarter. AlphaQuest LLC’s holdings in First Commonwealth Financial were worth $77,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FCF. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Commonwealth Financial during the 3rd quarter valued at $46,000. Jones Financial Companies Lllp grew its holdings in shares of First Commonwealth Financial by 56.8% in the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock worth $57,000 after acquiring an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock worth $57,000 after acquiring an additional 2,154 shares during the last quarter. KBC Group NV grew its holdings in shares of First Commonwealth Financial by 61.6% in the 4th quarter. KBC Group NV now owns 5,842 shares of the bank’s stock worth $99,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in shares of First Commonwealth Financial in the 4th quarter worth $175,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Performance

Shares of FCF stock opened at $15.97 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a 1-year low of $12.41 and a 1-year high of $19.96. The stock’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $17.03. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.49 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, sell-side analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.26%. First Commonwealth Financial’s dividend payout ratio is 37.41%.

Analysts Set New Price Targets

FCF has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and issued a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. DA Davidson restated a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.58.

First Commonwealth Financial Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.